Weekly Market Outlook May 10, 2015

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – It was Fed President Janet Yellen who shook the markets last week even though her predictive ability is limited. She called certain equity sectors “substantially stretched”. There is still consolidation in equity markets although the indices closed higher last Friday. The quality of the upside potential of equities in general continues to decline and still causes us concern. In that respect, Yellen does have a point.

The coming week is again about Greece and European growth rates. We note that industrial production in the U.S. has developed downwards since November of last year. We wonder if this trend will continue.


This material is communicated on May 10, 2015 by Thirteen Asset Management AG, Rietbrunnen 20, 8808 Pfäffikon SZ, Switzerland. This material is for information purposes only and is not intended to be a solicitation or invitation to invest. Any organizations or products described in this material are mentioned for reference purposes only. This material is intended only for investment professionals and professional clients and must not be relied upon by any other person. It is proprietary information of Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from Thirteen Asset Management AG. Alternative investments can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance and past or projected performance is not a reliable indicator of future performance. We recommend to consult your bank, investment and/of tax adviser.